On October 13, 2025, a cargo ship enters the port of Qingdao in eastern Shandong Province, China. -/AFP (via Getty Images)
On October 9, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) initiated new sanctions against Iranian oil networks, including China-based oil ports. Analysts say the move will significantly increase the cost and risk of China’s imports of Iranian oil, hurting the communist regime’s energy supply chain.
The sanctions come as Beijing expanded export controls on rare earth minerals and launched an antitrust investigation into US tech giant Qualcomm, prompting US President Donald Trump to announce 100% tariffs on Chinese goods. These actions signal a significant escalation in the U.S.-China trade conflict, which extends to energy, technology, and industrial supply chains.
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